Finance News: Latest Financial News, Finance News today in Bangladesh

ICB makes unexpected recovery in Q4, relying on dull market

State-run Investment Corporation of Bangladesh (ICB) showed a 58 per cent lower profit for FY24, compared to the year before. However, it made a remarkable recovery from a loss of Tk 2.67 billion in the first nine months through March of FY24 to gain an annual income of Tk 0.33...

Falling global interest rates, market reforms drive up foreign investments

The equity market has been showing signs of a return of foreign investors since the August political changeover.Stocks known as lucrative to overseas investors saw their stakes increase by October, compared to the holdings four months back. According to market analysts, the renewed interest in the stocks is largely driven...

Headwinds hit Trump-fueled rally in US stocks

NEW YORK, Nov 18 (Reuters): A US stock rally fueled by Donald Trump's election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect's policies.The S&P 500 fell 2 per cent in the past week, erasing more than half its...

First Security Islami Bank opens Sannyasgacha Bazar Sub-Branch

First Security Islami Bank opens Sannyasgacha Bazar Sub-BranchFirst Security Islami Bank PLC opened Sannyasgacha Bazar Sub-Branch at Keshabpur in Jashore on Monday. Md Abdus Salam, EVP and Head of General Services Division of the bank, inaugurated the sub-branch as the chief guest. Md Shafiqul Islam, Head of Branches Control Division,...

Relief for Asian peers may slightly aid rupee but portfolio outflows weigh

MUMBAI, Nov 18 (Reuters): The Indian rupee is expected to linger near its all-time low on Monday, wedged between positive cues on mild gains in its regional peers, while persistent foreign portfolio outflows keep a lid on the currency's upside.The 1-month non-deliverable forward indicated that the rupee will open near...

SOCIAL ISLAMI BANK WORKSHOP ON 'NPA MANAGEMENT'

SOCIAL ISLAMI BANK WORKSHOP ON 'NPA MANAGEMENT'Social Islami Bank arranged a two-day workshop on 'Regulatory & Legal Measures for NPA Management' at the bank's head office recently. Mohammad Forkanullah, Managing Director (Acting) of the bank, inaugurated the workshop as the chief guest. Md. Nazmus Saadat, Deputy Managing Director, and Md...

Al-Arafah Islami Bank holds consultation meeting with Hajj agencIES

Al-Arafah Islami Bank holds consultation meeting with Hajj agencIESA 'Consultative Meeting on Hajj Management' was held with the participation of representatives of Hajj agencies on Monday, organised by the Corporate Branches and Dhaka North and South Zone of Al-Arafah Islami Bank PLC. Managing Director & CEO of the bank Farman...

CITIZENS BANK HOLDS AWARENESS CAMPAIGN

CITIZENS BANK HOLDS AWARENESS CAMPAIGN Citizens Bank organised an awareness campaign on 'Green Banking & Sustainable Finance' at its Training Academy recently. Mohammad Masoom, Managing Director & CEO of the bank, inaugurated the event. Chowdhury Liakat Ali, Director & Head of Sustainable Finance Department, Bangladesh Bank, along with other officials...

ISLAMIC FINANCE AND INVESTMENT HOLDS BOARD MEETING--

ISLAMIC FINANCE AND INVESTMENT HOLDS BOARD MEETINGThe 353rd meeting of the Board of Directors of Islamic Finance and Investment Limited (IFIL) was held at its Head Office on Sunday. Abul Quasem Haider, Chairman of the Board of Directors of IFIL, presided over the meeting. Vice Chairmen Mostanser Billa and KBM...

Take steps to reduce rural-urban gap

Finance Adviser Dr Salehuddin Ahmed on Monday stressed the need to bridge the rural-urban divide in order to address the growing trend of migration towards cities and metropolitan areas."Take initiatives to ensure balanced development of the country by increasing civic facilities in villages like in the cities and towns," he...

Japanese envoy calls for improving business environment

Japanese Ambassador Iwama Kiminori has stressed the need for improving Bangladesh's business environment in all aspects.Such improvements are crucial for opening up new avenues for cooperation between Japan and Bangladesh to reap the benefits of the Economic Partnership Agreement (EPA), he said.Speaking at an event, Ambassador Iwama highlighted that the...

BSTI AND BTF-USID HOST BUSINESS DIALOGUE

BSTI AND BTF-USID HOST BUSINESS DIALOGUEBSTI and BTF-USID jointly organised a business dialogue on 'Strengthening collaboration between BSTI and food import business: Existing challenges and strategies for improvement' at a hotel in Chattogram recently. BSTI Director General (Grade-1) SM Ferdous Alam was present as the chief guest while BTF Project...

SAJIDA FOUNDATION HOSTS 31ST ANNUAL GENERAL MEETING

SAJIDA FOUNDATION HOSTS 31ST ANNUAL GENERAL MEETINGSAJIDA Foundation held its 31st Annual General Meeting at its Head Office in Dhaka recently. The meeting was presided over by Farooq Sobhan, Chairman of the Governing Body. Other board members and senior management of SAJIDA Foundation were also present.

HORLICKS BRAIN GAMES OLYMPIAD GRAND FINALE HELD

HORLICKS BRAIN GAMES OLYMPIAD GRAND FINALE HELD Winners of the Horlicks Brain Games Olympiad pose at the grand finale of the competition held in Dhaka on Sunday. This Olympiad is designed to enhance students' cognitive, problem solving and critical thinking skills. Champions of the Olympiad were awarded scholarships worth Tk...

Huawei starts taking pre-orders for Mate 70 smartphone

BEIJING, Nov 18 (Reuters): China's Huawei Technologies on Monday announced that it had started taking pre-orders for its Mate 70 smartphone model, in a statement on its official WeChat account.It will also hold an event for the Mate brand on Nov. 26, it said in a separate statement, where it...